The Ipieca Principles and the Ipieca-WBCSD SDG Roadmap are key frameworks through which Ipieca aims to inspire action. These member action case studies provide tangible examples of how members are operationalising the principles and embedding SDG Roadmap actions in their businesses, offering inspiration and insights for other companies. Relevant Ipieca good practice guidance and resources are provided to further support companies to take the next step on their sustainability journey.
Reducing energy consumption is the most cost-effective strategy for lowering greenhouse gas (GHG) emissions. According to the International Energy Agency (IEA), enhancing energy efficiency could contribute up to 40% of the emissions reductions needed under the Paris Agreement.
Over the past decade, businesses, governments, and civil society have made ever-increasing pledges and commitments to address the climate and biodiversity crises. Through sustainability reporting, energy companies can solidify their strategic resilience and contribute to a just energy transition, ensuring that the shift towards sustainable energy sources is equitable and inclusive, benefiting all stakeholders involved.
Methane is a short-lived, but potent greenhouse gas, making it an ideal target for climate change mitigation strategies. Methods for reducing methane emissions are technically feasible or achievable at low or no-net costs, making it a key and cost-effective mission in oil and gas companies’ journeys to net-zero emissions.
Ipieca members’ approach to health and wellbeing is focused on the health outcomes of oil and gas industry employees and the communities in which they operate. This extends beyond protection to proactively helping employees remain healthy, as well as offering health and lifestyle services and infrastructure to surrounding communities, where the industry is often a major presence and employer.
Members are striving to enhance understanding and management of sustainability risks in the supply chain by promoting transparency in their procurement processes through sustainability reporting, conducting due diligence on human rights and environmental issues, and engaging the value chain to provide leadership on good practices.
One of the key technologies that can enable large-scale, cost-effective mitigation of CO2 within the industry and across other sectors is carbon capture and storage (CCS). The oil and gas industry is currently working to develop CCS technologies and projects, as well as to address barriers and explore opportunities to enable its uptake.
The Global Biodiversity Framework (GBF), adopted by 196 Parties at the UN Convention on Biological Diversity (CBD) COP15 in 2022, represents the global biodiversity agenda for the next decade and the common ground across societal sectors to enact positive actions for halting and reversing nature degradation.